Enova International, Inc. (NYSE:ENVA) Insider Sells $1,531,499.20 in Stock

Enova International, Inc. (NYSE:ENVA) insider Kirk Chartier sold 17,644 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the completion of the sale, the insider now owns 117,422 shares in the company, valued at approximately $10,192,229.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Enova International Stock Up 1.2 %

ENVA stock traded up $1.01 during mid-day trading on Wednesday, reaching $88.12. 262,296 shares of the company traded hands, compared to its average volume of 232,996. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 15.67 and a beta of 1.43. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. Enova International, Inc. has a fifty-two week low of $38.89 and a fifty-two week high of $96.01. The firm’s 50 day moving average price is $83.34 and its 200 day moving average price is $72.17.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The business had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. During the same quarter in the previous year, the business earned $1.33 EPS. The company’s quarterly revenue was up 25.1% on a year-over-year basis. As a group, equities research analysts predict that Enova International, Inc. will post 7.74 EPS for the current fiscal year.

Enova International declared that its board has approved a stock buyback program on Monday, August 12th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Enova International

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Enova International by 172.5% during the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 32,779 shares in the last quarter. Smith Shellnut Wilson LLC ADV purchased a new stake in Enova International in the second quarter worth $235,000. SG Americas Securities LLC bought a new stake in shares of Enova International in the first quarter valued at $223,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Enova International by 1.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after buying an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

Analyst Upgrades and Downgrades

ENVA has been the topic of several recent research reports. JMP Securities lifted their target price on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. TD Cowen boosted their price objective on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, BTIG Research raised their target price on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.33.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.